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US Housing Freeze Deepens as Fed Rate Hike Odds and Bond Yields Surge

Benzinga Prediction Markets Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • housing mobility has dropped to a record low of 13.5% due to high mortgage lock-in rates.
  • Prediction markets now price a 56% chance of a Federal Reserve rate hike in September, while surging Treasury yields continue to weigh on broader economic activity and consumer turnover.
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US30 price history

52573.29 +13.19% over the displayed period

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